Mar 17,2021
Bee Column: BTC price analysis for March 17

Yesterday, the two-hour EMA55 supported by USD 58,000 failed to prevent the price of Bitcoin (BTC) from falling back. The bearish momentum was so strong that the pair set a daily low around the $54,555 mark…

By the end of the day, prices tried to maintain consolidation, but this morning the decline continued to $53,400.

This level may not be able to cope with the violent attack of the bears, and in the near future, the price may fall back to the $51,600 area.

Bitcoin is trading at $55,655 at press time.

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